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Pravesh

Retailpreneur

Basti, Uttar Pradesh

546 livelihood days

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Pravesh

#Hard working
Motivate Pravesh to succeed in his grocery business by investing in his loan amount.

Retailpreneur

Uttar Pradesh

546 potential days of livelihood

20,000 loan is fully repaid

20,000 loan is fully repaid


About Pravesh

Pravesh Maldev runs a grocery store in the main market in Basti, Uttar Pradesh. It has been his sole source of income for the last 1 year. His persistent hard work and determination has placed him at the top of his chosen line of work. Pravesh wishes to expand his existing grocery store by buying more stock. He desires to meet the capital needs of expanding his business. Pravesh is keen to raise a loan to buy more grocery raw material and expand his existing store. He is confident that with the support of this loan, he will be able to expand his business further. Invest in Pravesh's business and motivate him to expand his business in order to serve the people of Basti.

About Pravesh 's livelihood

Pravesh is a retailpreneur who works 12 hours a day for 7 days a week. With this loan Pravesh will potentially obtain employment for 546 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Pravesh has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

3.20%

5.76% APR

Platform
charges

4.80%

8.64% APR

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

20,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Retail store

Investee Credit Rating:
Very Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Indian Micro Enterprises Development Foundation
   view website
Partner logo

Established in

1995

With Rang De from

2021

Founded by

Dr.Ashok Khosla

Indian Micro Enterprises Development Foundation (IMEDF) is a social enterprise promoted by Development Alternatives Group with a vision to promote inclusive growth and inspire environmental sustainability through development of micro - enterprises.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS